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Back Wave analysis
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Back Wave analysis
Weekly Simplified Wave Analysis Forecast for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and EUR/GBP – July 6th
GBP/USDAnalysisThe downward wave on the British
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GBP/USDAnalysisThe downward wave on the British pound's primary currency pair, which has been developing since the beginning of this year, continues to determine the major's overall direction. Over the past three weeks, the pair has been forming a countertrend correction from the upper boundary of a strong potential reversal zone. At this stage, the wave structure does not yet appear to be complete.ForecastDuring the coming week, the GBP/USD pair is expected to complete its current upward move. In the first
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Isabel Clark,
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